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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Rectify the following error assuming that the trial balance is yet to be prepared: Sales returns book was overcast by ₹ 500 - Accountancy

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Question

Rectify the following error assuming that the trial balance is yet to be prepared:

Sales returns book was overcast by ₹ 500

One Line Answer
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Solution

Sales returns account should be credited with ₹ 500

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Chapter 9: Rectification of Errors - Exercises [Page 198]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 9 Rectification of Errors
Exercises | Q IV 3. (b) | Page 198
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